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Top 8 Martin Wolf Quotes (2024 Update)

Martin Wolf Quote: “In order to change the system, we need to change our ideas.”
Martin Wolf Quote: “Those who condemn the immorality of liberal capitalism do so in comparison with a society of saints that has never existed – and never will.”
Martin Wolf Quote: “Sustaining growth is the century’s big challenge.”
Martin Wolf Quote: “Depressions are indeed one of the states a capitalist economy can fall into. An economic theory that does not incorporate that possibility is as relevant as a theory of biology that excludes the risk of extinctions, a theory of the body that excludes the risk of heart attacks, or a theory of bridge-building that excludes the risk of collapse.”
Martin Wolf Quote: “A country with secure property rights, scientific inquiry and technological innovation will become richer. But, since division of labour is limited by the size of the market, it will also benefit from trade, not just in goods and services, but in ideas, capital and people. The smaller a country is, the greater the benefits. Trade is far cheaper than empire, just as internal development is a less costly route to prosperity than plunder. This was the heart of Angell’s argument.”
Martin Wolf Quote: “As Minsky argued, stability destabilizes. This is an aspect of what George Soros, the successful speculator and innovative economic thinker, calls ‘reflexivity’: the way human beings think determines the reality in which they live.”
Martin Wolf Quote: “People who think they know what is going to happen next are fools. Surprises – or what the brilliant author Nassim Taleb calls ‘Black Swans’ – are inevitable. Some are likely to be desperately unpleasant too.”
Martin Wolf Quote: “The notion of the competitiveness of countries, on the model of the competitiveness of companies, is nonsense.”
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